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Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Nike sells its Nike Bauer hockey equipment division. Nike introduces shoes featuring new Flywire and Lunarlite Foam materials. Flywire is a new technology made up of thin wires of vectran fibers, which are 5 times stronger than steel and never lose strength.
Sneaker companies encourage this trend by producing rare sneakers in limited numbers, often at very high retail prices. Artistically-modified sneakers can sell for upwards of $1000 at exclusive establishments like Saks Fifth Avenue. [21] In 2005, a documentary, Just for Kicks, about the sneaker phenomenon and history was released.
Philippines: As of March 2019, Payless has 76 stores in the Philippines. [27] Indonesia, Singapore, and Malaysia: In April 2011, Payless launched its first store in Jakarta, Indonesia followed by one store in Kuala Lumpur and Singapore within the same year and under the same management. Payless operates 19 stores throughout Indonesia currently.
The recorded history of slippers can be traced back to the 12th century. [2] In the West, the record can be traced only to 1478. [3] [better source needed] [4] [failed verification] The English word slippers (sclyppers) occurs from about 1478. [5] English speakers formerly also used the related term pantofles (from the French word pantoufle).
Bare feet are also seen as a sign of humility and respect, and adherents of many religions worship or mourn while barefoot. Some religious communities explicitly require people to remove shoes before they enter holy buildings, such as temples. In several cultures people remove their shoes as a sign of respect towards someone of higher standing.
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After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia. [1] [2] It sub-contracted factories without reviewing the conditions, based on the lowest bid. Nike's usage of sweatshops originates to the 1970's.